US stocks open higher by more than 1%
US stocks opened higher today, shrugging off the global recession concerns and the ongoing US-China trade war.
Market's speculations around a near recession for the US economy mounted, especially after the US bonds yield curve inverted, which is a strong signal of a possible recession.
Former Fed chairwoman, Janet Yellen, sees that the yield curve inversion doesn't have to necessarily be a signal this time, while stating alongside with other Fed's members that the US economy is still strong.
The US economy revealed today that the housing starts fell by 4% to 1.191 million in July, while the building permits rose by 8.4% to 1.336 million.
By 06:04 GMT, Dow Jones rose by 1.2% or 330 points to reach 25,906, Nasdaq rose 1.7% (133 points) to 7,900, and S&P 500 rose by 1.5% or 42 points to 2,890.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1012
|
-0.0063
|
0.5698%
|
|
|
|
|
1.2414
|
-0.0069
|
0.5524%
|
|
|
|
|
17.858
|
0.406
|
2.329%
|
|
|
|
|
61.960
|
7.066
|
12.873%
|
|
|
|
|
69.02
|
8.80
|
14.61%
|
|
|
|
|
1499.675
|
10.695
|
0.718%
|
|
